BTC Capital Management Inc. increased its stake in Wyndham Worldwide Corp. (NYSE:WYN) by 7.8% during the second quarter, Holdings Channel reports. The institutional investor owned 37,108 shares of the company’s stock after buying an additional 2,692 shares during the period. BTC Capital Management Inc.’s holdings in Wyndham Worldwide Corp. were worth $2,638,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. LMR Partners LLP acquired a new position in shares of Wyndham Worldwide Corp. during the second quarter worth $244,000. Winslow Evans & Crocker Inc. boosted its position in shares of Wyndham Worldwide Corp. by 19.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,956 shares of the company’s stock worth $282,000 after buying an additional 637 shares during the period. ING Groep NV acquired a new position in shares of Wyndham Worldwide Corp. during the second quarter worth $284,000. NN Investment Partners Holdings N.V. acquired a new position in shares of Wyndham Worldwide Corp. during the first quarter worth $346,000. Finally, Commonwealth Equity Services Inc boosted its position in shares of Wyndham Worldwide Corp. by 28.9% in the first quarter. Commonwealth Equity Services Inc now owns 4,717 shares of the company’s stock worth $361,000 after buying an additional 1,058 shares during the period. 97.75% of the stock is currently owned by institutional investors and hedge funds.
Wyndham Worldwide Corp. (NYSE:WYN) traded up 1.165% during mid-day trading on Wednesday, reaching $69.015. 131,125 shares of the company’s stock traded hands. Wyndham Worldwide Corp. has a 12 month low of $60.59 and a 12 month high of $82.99. The firm’s 50-day moving average price is $68.10 and its 200 day moving average price is $70.49. The stock has a market capitalization of $7.58 billion, a PE ratio of 13.645 and a beta of 1.26.
Wyndham Worldwide Corp. (NYSE:WYN) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.03. The business earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Wyndham Worldwide Corp. had a return on equity of 67.58% and a net margin of 10.43%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.32 EPS. Equities research analysts predict that Wyndham Worldwide Corp. will post $5.73 EPS for the current year.
A number of analysts have recently issued reports on WYN shares. Goldman Sachs Group Inc. started coverage on shares of Wyndham Worldwide Corp. in a research note on Monday, September 26th. They set a “neutral” rating and a $72.00 price objective on the stock. Zacks Investment Research upgraded shares of Wyndham Worldwide Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Wolfe Research started coverage on shares of Wyndham Worldwide Corp. in a research note on Wednesday, July 6th. They set an “outperform” rating on the stock. Telsey Advisory Group dropped their price objective on shares of Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Thursday, July 28th. Finally, MKM Partners reiterated a “buy” rating on shares of Wyndham Worldwide Corp. in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $80.11.
In related news, Director George Herrera sold 463 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $71.71, for a total value of $33,201.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.03% of the stock is owned by corporate insiders.
About Wyndham Worldwide Corp.
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Hotel Group, Destination Network and Vacation Ownership. The Hotel Group segment has approximately 7,800 hotels and over 678,000 hotel rooms around the world.
Want to see what other hedge funds are holding WYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Worldwide Corp. (NYSE:WYN).
Receive News & Ratings for Wyndham Worldwide Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Worldwide Corp. and related companies with MarketBeat.com's FREE daily email newsletter.